Rye Hill Park, Nunhead, London

This bright and spacious two bedroom, first-floor flat is situated in a well-maintained Victorian conversion of four flats, offering a unique opportunity. The property benefits from a 25% share of the freehold, providing a sense of security and community.

The flat itself has recently undergone a full renovation to a high specification, including rewiring, heat and sound insulation, and high quality appliances, resulting in a modern and comfortable living space. Large double-glazed sash windows allow for an abundance of natural light to flood the property, while also providing a green outlook. The electric underfloor heating system ensures a warm and efficient home, with on-demand hot water for added convenience.

The open-plan living area is spacious and versatile, with integrated kitchen appliances and extensive storage. The layout provides a seamless transition between cooking, dining, and relaxation areas, making it perfect for modern living.

The property comprises two bedrooms, with the main bedroom accompanied by a versatile second room that could be used as a study or additional bedroom.

Externally, on-street parking is available, providing easy access for residents and visitors. The location is quiet and residential, yet conveniently situated just a short walk from Peckham Rye Park. The property is well located for Peckham Rye station, Rye Lane, and Lordship Lane, offering easy access to a range of local amenities and transport links. Honor Oak, and Nunhead are similar distances away.

The building itself has recently been reroofed and redecorated, with communal areas refreshed to a high standard. The shared of freehold structure and recent updates make this property an attractive prospect for those seeking a unique blend of character, comfort, and practicality, with low maintenance effort and costs for the foreseeable future. With its bright and airy interior, efficient heating system, and excellent location, this flat is now ready to move into.

For first-time buyers, freehold vs leasehold is an important distinction. You still have a lease for your individual flat, but you also own 25% of the freehold each of the entire building alongside the owners of the other three flats. In a small building such as this, that gives you much more direct involvement in decisions about maintenance and the building's future, and avoids many of the management arrangements commonly found in other blocks with external freeholders and managing agents. For example, the communal areas have recently been redecorated, and the service charge will shortly reduce to £100/month.

Service charge - £200pm (Reducing to £100pm from Feb 2027)
Lease - 172 years
Council tax - B